Venezuela Sanctions Compliance

Venezuela is subject to US sectoral sanctions targeting the oil, gold, and financial sectors, administered by OFAC under the Venezuela Sanctions Regulations. Unlike comprehensive embargo programs, Venezuela sanctions are targeted — prohibiting specific categories of transactions rather than all commerce. However, the scope of designated entities includes the Venezuelan government, state-owned oil company PDVSA, and numerous Venezuelan officials and their networks. US exporters must screen Venezuelan counterparties carefully, as PDVSA-connected entities appear across multiple industries beyond oil. OFAC has issued general licenses authorizing specific transactions with Venezuela that have changed frequently — exporters should verify current license status before transacting.

Articles

Sanctions Lists: Types, Agencies, and What Exporters MissTypes of sanctions, denied party, and watchlist programs across U.S. agencies and overseas regimes: what each list restricts, how many apply globally, and where screening scope breaks.Apr 18, 2026
Entity List OFAC Sanctions List OFAC Search Sanctions Screening Trade Compliance
How Governments Build Sanctions Lists: Designation ExplainedHow OFAC, BIS, and allied authorities designate parties: legal basis, evidence standards, list updates without notice, list differences, and why screening cadence drives exposure.Apr 17, 2026
Global Compliance OFAC Sanctions List OFAC Search Regulatory Compliance Sanctions Screening
Trade Restrictions 2026: Sanctions, Embargoes, and Export ControlsOFAC sanctions, BIS export controls, and destination embargoes update on different schedules under separate legal authorities. Most exporters treat all three as one check.Apr 4, 2026
Export Control Mexico Tariffs Sanctions Screening Section 301 Trade Compliance
Multi-Jurisdiction Sanctions: 25 Questions Global Exporters AskOFAC added 1,764 persons to the SDN list in 2025. UK's OFSI had 240 active enforcement investigations. Australia filed its first criminal sanctions prosecution. If you export across three or more…Mar 4, 2026
Entity List Global Compliance OFAC Sanctions List Sanctions Screening Trade Compliance
Banking & Trade Finance: 25 Sanctions Compliance QuestionsYour bank just froze a $340,000 wire to a Malaysian distributor you've worked with for six years. OFAC civil penalties exceeded $254 million in 2025, record-keeping jumped to ten years, and banks…Mar 1, 2026
Global Compliance OFAC Sanctions List Regulatory Compliance Sanctions Screening Trade Compliance